The dollar deepens after the official announcement of daily auctions: 43 centimes

In the afternoon, Finance Ministry spokespersons indicated that the Treasury will offer a sum of up to $ 9,600 million starting next month, with a cap of 60 million US dollars a day, until the end of the year.

The government announced that it would proceed with sales of dollars in order to obtain the necessary pesos, mainly to finance its current expenses, in accordance with the agreement reached between the country and the multilateral organization . at the same time trying to reduce the volatility of the exchange rate, which reached last week a record high of $ 43.50.

Expectations that bidding increased the supply of dollars on the local market, encouraged investors to sell the currency and drove down prices, while economic data was negative and electoral uncertainty increased.

In statements to the Argentine media, Dujovne pointed out that the goal of dollar sales was to pay the state's expenses in pesos but not to cover the foreign exchange demand on the foreign exchange market., which is not provided for in the most recent agreement between Argentina and the IMF.

On the other hand, the BCRA validated Thursday an average rate of Leliq of 63.267%, lower than recorded on Wednesday, being the maximum rate of 64.25% and the minimum of 62%, at the first bid of liquidity letters of the day. The amount allocated is $ 96,718 million.

Other markets

In the informal market, the blue gives 25 cents to $ 41.25, according to the investigation on this support in the caves of downtown Buenos Aires. Liquidity in liquidation fell by 12 cents to 41.27 dollars.

Finally, Central bank reserves USD 3 million fell to USD 68,481 million.